Buying by central banks has been huge in this past quarter. I wonder if this is why the prices have not been allowed to run, reflecting the enormous money ‘printing’ spree of the past number of years.
It is great to see signs of life in both the gold and silver markets. I suggest we wait to see how the market reacts to the short squeeze in both markets. When the panic is over we will probably have a signal to buy both the physical metals and the mining and related stocks.
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